Monday, 3 August 2020

Nifty Spot Outlook for 04th Aug

In the previous session : 

Nifty went down by 191 points before closing lower by 182 points on Monday as compared to the previous day's close.

Nifty had made a life time high of 12430.50 on 20th January and again failed to give a strong close above its congestion zone of 12300 - 12375 for the upward momentum to continue and we saw a correction till 7511.10 now . 

On 03rd Aug :

Nifty triggered our short trade and did 150 points

For 04th Aug :

Sustaining above 10930 enter for 10950 - 10980 - 11050 , SL 10905

Sustaining below 10855 enter for 10835 - 10805 - 10735 , SL 10880

Incase we get a gap up beyond the 1st target then will update fresh levels as per pre opening on the telegram channel "simplytradestocks"

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Disclaimer : These are my personal views and one should do their own research before entering any trades based on them  . The use of the blog is agreement that the blog is for informational and educational purposes only and does not constitute advice in any form in the furtherance of any trade or trading decisions.

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